Shukra Jewellery, a microcap player in the diamond and gold jewellery sector, achieved a significant milestone on December 26, 2024, as its stock price hit a 52-week high of Rs. 16.69. This peak follows a robust performance, with the stock outperforming its sector by 1.58% on the same day. Over the last ten days, Shukra Jewellery has posted impressive returns, gaining 20.59%.
The stock is currently trading above its key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day, signaling a strong upward trend. Over the past year, the company has delivered an exceptional return of 52.98%, far surpassing the Sensex’s 10.01% gain during the same period.
Despite the strong performance, MarketsMOJO has issued a ‘Hold’ recommendation on the stock, advising a more cautious outlook amidst its recent surge. As Shukra Jewellery continues to navigate the competitive jewellery market, its recent achievements underscore its growing position in the industry.
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